Bill Status of HB 232   102nd General Assembly

Short Description:  PEN CD-PROHIBITED TRANSACTIONS

House Sponsors
Rep. Elizabeth Hernandez-Carol Ammons-Mark Batinick, Dagmara Avelar, Janet Yang Rohr, Jaime M. Andrade, Jr., Eva-Dina Delgado, Delia C. Ramirez, Aaron M. Ortiz, Edgar Gonzalez, Jr., Barbara Hernandez, Angelica Guerrero-Cuellar, Natalie A. Manley, Emanuel Chris Welch and Jennifer Gong-Gershowitz

Senate Sponsors
(Sen. Karina Villa)


Last Action  View All Actions

DateChamber Action
  7/23/2021HousePublic Act . . . . . . . . . 102-0118

Statutes Amended In Order of Appearance
40 ILCS 5/1-110.16

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Requires the Illinois Investment Policy Board to make its best efforts to identify all for-profit companies that contract to shelter migrant children and include those companies in the list of restricted companies for purposes of investment distributed to each retirement system and the Illinois State Board of Investment. Effective immediately.

House Floor Amendment No. 1
Adds reference to:
40 ILCS 5/1-110.17 new

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that if a company ceases activity that designates the company to be a for-profit company that contracts to shelter migrant children, the company shall be removed from the list of restricted companies. Provides that a retirement system shall adhere to specified procedures for restricted companies that are for-profit companies that contract to shelter migrant children. Provides that if, at least 4 years after the effective date of an amendatory Act that initially establishes a prohibited transaction under this Article, the Illinois Investment Policy Board concludes that divestment is no longer necessary due to achievement of the underlying goals of the amendatory Act establishing the prohibited transaction, changes in status surrounding the prohibited transactions, or other verifiable reasons, the Illinois Investment Policy Board may cease actions to require divestment, identify restricted companies, or prohibit transactions by a majority vote of the Illinois Investment Policy Board if: (1) no less than one year prior to the change in policy, the Illinois Investment Policy Board notifies, in writing, the General Assembly of the change in policy and lists the reasons for changing the policy; and (2) the General Assembly does not, before the change in policy, adopt a House Resolution or a Senate Resolution instructing the Illinois Investment Policy Board to not change the policy. Effective immediately.

Actions 
DateChamber Action
  1/26/2021HouseFiled with the Clerk by Rep. Elizabeth Hernandez
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  2/16/2021HouseAdded Co-Sponsor Rep. Dagmara Avelar
  2/23/2021HouseAssigned to Personnel & Pensions Committee
  2/26/2021HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  3/5/2021HouseDo Pass / Short Debate Personnel & Pensions Committee; 006-002-000
  3/9/2021HousePlaced on Calendar 2nd Reading - Short Debate
  3/17/2021HouseAdded Co-Sponsor Rep. Janet Yang Rohr
  3/18/2021HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/18/2021HouseAdded Co-Sponsor Rep. Eva-Dina Delgado
  3/18/2021HouseAdded Co-Sponsor Rep. Delia C. Ramirez
  3/18/2021HouseAdded Co-Sponsor Rep. Aaron M. Ortiz
  3/18/2021HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/18/2021HouseAdded Co-Sponsor Rep. Barbara Hernandez
  3/18/2021HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  3/22/2021HouseAdded Co-Sponsor Rep. Natalie A. Manley
  4/15/2021HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Elizabeth Hernandez
  4/15/2021HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/16/2021HouseSecond Reading - Short Debate
  4/16/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/20/2021HouseHouse Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee
  4/20/2021HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  4/21/2021HouseHouse Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 008-000-000
  4/22/2021HouseAdded Chief Co-Sponsor Rep. Mark Batinick
  4/22/2021HouseRecalled to Second Reading - Short Debate
  4/22/2021HouseHouse Floor Amendment No. 1 Adopted
  4/22/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2021HouseThird Reading - Short Debate - Passed 111-005-000
  4/22/2021HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  4/23/2021SenateArrive in Senate
  4/23/2021SenatePlaced on Calendar Order of First Reading
  4/23/2021SenateChief Senate Sponsor Sen. Karina Villa
  4/23/2021SenateFirst Reading
  4/23/2021SenateReferred to Assignments
  5/4/2021SenateAssigned to Pensions
  5/12/2021SenatePostponed - Pensions
  5/19/2021SenateDo Pass Pensions; 006-000-000
  5/19/2021SenatePlaced on Calendar Order of 2nd Reading May 20, 2021
  5/20/2021SenateSecond Reading
  5/20/2021SenatePlaced on Calendar Order of 3rd Reading May 21, 2021
  5/28/2021SenateThird Reading - Passed; 055-000-000
  5/28/2021HousePassed Both Houses
  6/25/2021HouseSent to the Governor
  7/23/2021HouseGovernor Approved
  7/23/2021HouseEffective Date July 23, 2021
  7/23/2021HousePublic Act . . . . . . . . . 102-0118

Back To Top